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The CBC is reporting a drastic rise in international student applications to Canadian universities. University of Toronto applications, for example, are up by over 80%. Many are speculating that this is due to uncertainty generated by the recent actions of the new American president and uncertainty in the UK over Brexit.
One thing that I wasn't aware of was how much money international students actually bring into the country and the economy. According to the article it's upwards of $11 billion annually (probably in Canadian dollars - but still that's a lot of money coming into the country). And that's not just from tuition, but they have to pay for food and housing while they're here.
Is this a case of America's loss translating into Canada's gain? Will it potentially lead to more investment in and growth for Canadian universities over all? Does this mean more competition for university spots for Canadian students?
source:
http://www.cbc.ca/news/canada/windsor/canada-foreign-student-cash-us-uncertainty-1.3964602
One thing that I wasn't aware of was how much money international students actually bring into the country and the economy. According to the article it's upwards of $11 billion annually (probably in Canadian dollars - but still that's a lot of money coming into the country). And that's not just from tuition, but they have to pay for food and housing while they're here.
Is this a case of America's loss translating into Canada's gain? Will it potentially lead to more investment in and growth for Canadian universities over all? Does this mean more competition for university spots for Canadian students?
source:
http://www.cbc.ca/news/canada/windsor/canada-foreign-student-cash-us-uncertainty-1.3964602